DOGE/USDT – 1H – SELLThe pair Dogecoin/Tether (DOGE/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.15159 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.1651 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.16628 |
| 2nd High | 0.16563 |
| Next High | 0.1651 |
| Current Price | 0.151920000 |
| Next Low | 0.15159 |
| 2nd Low | 0.095 |
| 3rd Low |
0.1651 – 0.16563 – 0.16482 – 0.1536 – 0.15998 – 0.15472 — 35.244556460196 – 33.810347865831 — 7.345167953849 – 7.7603279162581 – 5.5250884003184 – 6.9914161931327
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Northern Doji – Double top chart pattern – –